Oklahoma 2024 Regular Session

Oklahoma Senate Bill SB1408

Introduced
2/5/24  

Caption

Tourism; removing apportionment cap; increasing apportionment to Tourism funds; eliminating prohibition to spend certain funds on salaries; limiting funds for operations. Effective date. Emergency.

Impact

This legislation is expected to enhance the promotional capabilities of the Oklahoma Tourism and Recreation Department by providing a stable funding stream that is no longer constrained by previous limitations. With the removal of the cap on apportionments, it may lead to more effective marketing strategies and improvements in state parks and recreational areas, aiming for increased tourism revenue and heightened awareness of what Oklahoma has to offer to visitors.

Summary

Senate Bill 1408 seeks to amend several provisions related to tourism funding within Oklahoma, significantly changing the way apportionments are handled for tourism-related fiscal years. The bill proposes to eliminate the cap on apportionments to the Oklahoma Tourism Promotion Fund and ensure that funds can be allocated for salaries within the Oklahoma Tourism and Recreation Department. By allowing for operations funding, the bill aims to improve the financial management and operational capacity of state tourism programs.

Contention

However, the bill has raised concerns among stakeholders regarding the long-term implications of removing financial caps and allowing for salaries to be funded from these tourism revenues. Critics argue that such changes may divert funds from other essential services or lead to mismanagement if not properly overseen. Proponents, on the other hand, argue that enhancing the capacity of the tourism sector is critical to driving economic growth in the state.

Companion Bills

No companion bills found.

Similar Bills

OK HB2894

Revenue and taxation; apportionment of collections; effective date; emergency.

OK SB797

Tax apportionments; modifying sales and use tax and income tax apportionments to certain funds. Effective date.

OK HB1733

Sales tax apportionment; modifying apportionment limit for the Oklahoma Tourism Promotion Revolving Fund; effective date; emergency.

OK SB38

Sales and use tax apportionment; modifying apportionment for Oklahoma Historical Society. Effective date. Emergency.

OK SB314

Oklahoma Tourism and Recreation Department; modifying apportionment limit for certain fiscal years; requiring certain report to contain certain information and recommendation. Effective date.

OK SB314

Oklahoma Tourism and Recreation Department; modifying apportionment limit for certain fiscal years; requiring certain report to contain certain information and recommendation. Effective date.

OK HB3241

Sales and use tax; apportionments; removing certain limitations; effective date; emergency.

OK HB3240

County assessors; permanent records and records maintenance; prescribing duty of submission of certain data to the State Data Center; effective date.